Acts Online
GT Shield

Financial Management of Parliament Act, 2009 (Act No. 10 of 2009)

Chapter 8 : Reporting and Auditing

Part 2 : Annual report, financial statements and auditing

55. Preparation of annual reports

 

(1) For each financial year, the Accounting Officer must prepare an annual report.

 

(2) The purpose of an annual report is to—
(a) provide a record of the activities of Parliament’s administration during the financial year to which the report relates;
(b) provide a report on performance of Parliament’s administration; and
(c) promote accountability for decisions made during the year by Parliament’s administration.

 

(3) The annual report must be based on the annual performance plan and must contain—
(a) the annual financial statements of Parliament for the relevant financial year as submitted to the Auditor-General;
(b) any explanations that may be necessary to clarify the financial statements;
(c) the Auditor-General’s audit report on those financial statements;
(d) an assessment by the Accounting Officer of the performance of Parliament during that financial year against the objectives and outcomes identified in Parliament’s annual performance plan;
(e) particulars of any corrective action taken or to be taken in response to issues raised in the audit report referred to in paragraph (c);
(f) the audit committee’s report; and
(g) any other prescribed information.